ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWML) Trading Down 9.6% – What’s Next?

ETRACS 2x Leveraged US Size Factor TR ETN (NYSEARCA:IWMLGet Free Report)’s stock price was down 9.6% during trading on Wednesday . The company traded as low as $21.23 and last traded at $21.24. Approximately 105,340 shares changed hands during trading, an increase of 3,508% from the average daily volume of 2,920 shares. The stock had previously closed at $23.49.

ETRACS 2x Leveraged US Size Factor TR ETN Price Performance

The stock’s 50 day moving average is $23.36 and its two-hundred day moving average is $21.15.

ETRACS 2x Leveraged US Size Factor TR ETN Company Profile

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The ETRACS 2x Leveraged US Size Factor TR ETN (IWML) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. IWML was launched on Feb 5, 2021 and is issued by ETRACS.

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